Majority of the people in the world have debts. Some of them have large debts. Even business tycoons have debts, the amounts of which are staggering to the average person. Yet, these business tycoons are not criticized when they apply for more loans. This is because we assume them to have a team of experts who will do the budgeting for them.
Budgeting is an important task so that a person can manage his financial affairs. A person need not hire a team for this task. Budgeting can be done by anyone who is determined to fix his financial situation.
A person who is about to undertake budgeting must essentially know two important data: The amount of money that comes in every month when all the taxes are deducted. And the total amount of money spent every month ba View the rest of this article
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